Can I retire at age 45 with 6,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$561,538$556,536$551,656$546,893$542,242$534,138
2 years$277,989$272,812$267,794$262,929$258,210$250,065
3 years$183,485$178,285$173,280$168,461$163,819$155,885
4 years$136,242$131,059$126,104$121,367$116,837$109,175
5 years$107,904$102,752$97,862$93,221$88,818$81,450
6 years$89,018$83,904$79,087$74,550$70,279$63,214
7 years$75,534$70,463$65,722$61,292$57,155$50,396
8 years$65,425$60,400$55,737$51,416$47,416$40,960
9 years$57,566$52,589$48,006$43,795$39,931$33,777
10 years$51,283$46,354$41,853$37,752$34,023$28,165
11 years$46,146$41,267$36,847$32,855$29,261$23,693
12 years$41,868$37,039$32,701$28,819$25,357$20,073
13 years$38,251$33,472$29,216$25,442$22,112$17,104
14 years$35,153$30,425$26,250$22,585$19,383$14,644
15 years$32,471$27,794$23,701$20,142$17,066$12,587
16 years$30,127$25,500$21,488$18,035$15,083$10,855
17 years$28,060$23,485$19,553$16,204$13,374$9,387
18 years$26,225$21,701$17,850$14,603$11,891$8,138
19 years$24,585$20,112$16,341$13,195$10,599$7,069
20 years$23,111$18,689$14,997$11,951$9,467$6,151
21 years$21,779$17,408$13,794$10,846$8,472$5,360
22 years$20,570$16,250$12,713$9,862$7,594$4,677
23 years$19,467$15,198$11,738$8,981$6,817$4,086
24 years$18,458$14,240$10,856$8,191$6,127$3,572
25 years$17,531$13,364$10,055$7,481$5,514$3,126
26 years$16,677$12,560$9,325$6,840$4,966$2,738
27 years$15,888$11,820$8,659$6,261$4,478$2,399
28 years$15,156$11,138$8,050$5,736$4,040$2,104
29 years$14,476$10,507$7,491$5,260$3,648$1,846
30 years$13,842$9,923$6,978$4,828$3,296$1,620
31 years$13,250$9,381$6,505$4,434$2,980$1,422
32 years$12,697$8,876$6,070$4,075$2,696$1,249
33 years$12,178$8,406$5,667$3,747$2,440$1,097
34 years$11,690$7,967$5,295$3,448$2,209$964
35 years$11,232$7,556$4,950$3,174$2,001$847
36 years$10,800$7,172$4,631$2,923$1,813$745
37 years$10,392$6,812$4,335$2,693$1,643$655
38 years$10,007$6,474$4,059$2,482$1,489$576
39 years$9,642$6,156$3,803$2,289$1,351$506
40 years$9,297$5,857$3,565$2,111$1,225$445
41 years$8,969$5,575$3,342$1,948$1,111$392
42 years$8,657$5,309$3,135$1,798$1,009$345
43 years$8,361$5,059$2,942$1,659$915$303
44 years$8,079$4,822$2,762$1,532$831$267
45 years$7,811$4,598$2,593$1,415$754$235
46 years$7,555$4,387$2,435$1,307$685$207
47 years$7,310$4,186$2,288$1,208$622$182
48 years$7,076$3,996$2,150$1,116$565$160
49 years$6,853$3,816$2,021$1,031$513$141
50 years$6,639$3,645$1,900$953$466$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,800,000, adding $3,940 every year, while hoping to spend $54,010 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/17/23 Blend
44$6,800,000$6,800,000$6,800,000$6,800,000
45$7,497,664$7,137,264$7,031,864$7,901,439
46$8,204,960$7,429,524$7,209,965$8,468,310
47$8,982,589$7,734,294$7,392,223$9,080,291
48$9,837,670$8,052,131$7,578,719$9,746,825
49$10,778,042$8,383,616$7,769,536$10,473,220
50$11,812,346$8,729,356$7,964,759$11,265,317
51$12,950,100$9,089,989$8,164,473$12,129,543
52$14,201,791$9,466,179$8,368,763$13,072,971
53$15,578,973$9,858,622$8,577,717$14,103,386
54$17,094,380$10,268,046$8,791,422$15,229,358
55$18,762,038$10,695,211$9,009,965$16,460,318
56$20,597,404$11,140,915$9,233,437$17,806,649
57$22,617,509$11,605,989$9,461,927$19,279,783
58$24,841,118$12,091,306$9,695,525$20,892,304
59$27,288,909$12,597,777$9,934,323$22,658,069
60$29,983,666$13,126,357$10,178,411$24,592,334
61$32,950,494$13,678,042$10,427,881$26,711,898
62$36,217,055$14,253,877$10,682,826$29,035,262
63$39,813,833$14,854,955$10,943,339$31,582,796
64$43,774,415$15,482,419$11,209,512$34,376,936
65$48,135,813$16,137,465$11,481,438$37,442,390
66$52,938,810$16,821,345$11,759,211$40,806,368
67$58,228,347$17,535,370$12,042,923$44,498,841
68$64,053,945$18,280,909$12,332,667$48,552,821
69$70,470,172$19,059,399$12,628,536$53,004,665
70$77,537,161$19,872,340$12,930,623$57,894,422
71$85,321,172$20,721,305$13,239,020$63,266,208
72$93,895,221$21,607,939$13,553,817$69,168,615
73$103,339,769$22,533,964$13,875,105$75,655,173
74$113,743,479$23,501,181$14,202,975$82,784,849
75$125,204,054$24,511,479$14,537,514$90,622,602
76$137,829,157$25,566,831$14,878,810$99,239,993
77$151,737,431$26,669,306$15,226,951$108,715,857
78$167,059,615$27,821,068$15,582,019$119,137,046
79$183,939,777$29,024,382$15,944,099$130,599,242
80$202,536,679$30,281,621$16,313,271$143,207,860
81$223,025,269$31,595,269$16,689,614$157,079,038
82$245,598,335$32,967,926$17,073,205$172,340,731
83$270,468,325$34,402,315$17,464,117$189,133,912
84$297,869,352$35,901,286$17,862,422$207,613,902
85$328,059,401$37,467,824$18,268,188$227,951,830
86$361,322,767$39,105,054$18,681,480$250,336,245
87$397,972,738$40,816,250$19,102,358$274,974,891
88$438,354,549$42,604,839$19,530,880$302,096,665
89$482,848,647$44,474,409$19,967,097$331,953,768
90$531,874,273$46,428,719$20,411,059$364,824,086
91$585,893,427$48,471,705$20,862,808$401,013,807
92$645,415,226$50,607,489$21,322,382$440,860,303
93$711,000,710$52,840,387$21,789,813$484,735,310
94$783,268,138$55,174,920$22,265,126$533,048,435
95$862,898,821$57,615,825$22,748,341$586,251,012
96$950,643,560$60,168,059$23,239,470$644,840,356
97$1,047,329,728$62,836,819$23,738,517$709,364,455
98$1,153,869,081$65,627,544$24,245,478$780,427,133
99$1,271,266,368$68,545,934$24,760,342$858,693,743
100$1,400,628,811$71,597,959$25,283,087$944,897,440